1. Price Overview:
FIL is currently fluctuating around $3.7, close to the nearest support and resistance range. This price point has important technical significance for the trend of FIL and may affect the short-term and medium-term trend.

2. Support and resistance:

  • Support level: The current support level is around $3.5. This level has shown some price support in the previous period. If the price falls below this point, it may further test the strong support range of $2.9.

  • Resistance: The main resistance is located at $4.0. If the price breaks above this, it could see further gains to test the $4.2 or even $4.5 area.

3. Technical indicator analysis:

  • RSI (Relative Strength Index): The current RSI value is close to 40, indicating that FIL may be close to oversold conditions. If the RSI drops further, it may trigger a short-term rebound.

  • MACD (Moving Average Convergence Divergence): The MACD line oscillates around the 0 axis, indicating that the market may be in a range of fluctuations and lacks clear buy or sell signals.

  • Bollinger Bands: The price is near the lower band of the Bollinger Bands, which may have the potential for a rebound. However, the width of the Bollinger Bands is also shrinking, indicating a reduction in market volatility.

4. Short-term trend forecast:
The price is currently hovering around $3.7 and if it can sustain above the support level, it may see a rebound to the $4.0 resistance level in the short term. If the price falls below the support level of $3.5, it may further drop to $2.9.

5. Operational suggestions:

  • Short-term trading: If the price shows signs of rebound near $3.7, consider going long with a light position in the $3.7-3.8 range, with a target price of $4.0. If the price falls below the $3.5 support level, consider going short near $3.4, with a target price of $3.2.

  • Long-term investment: Continue to pay attention to the breakthrough of support and resistance. If the price remains above $3.5 for a long time, consider opening positions in batches. If it falls below the long-term support level of $2.9, it is necessary to re-evaluate the position strategy.

Summary: The current price of FIL is around $3.7, and the short-term trend may be affected by the support and resistance levels. Technical indicators show the potential for a short-term rebound, but further changes in the market need to be closely monitored. #iris #OKB #AUDIO $AKRO $RAD $CVC